Oil slips as $50 level sparks new output fears
Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.
May 27, 2016, 22:52 PM ISTOil prices rally on big fall in US gasoline stockpiles
Oil prices rose sharply Wednesday as falling US gasoline inventories boosted the demand outlook in a global market awash in crude supplies
Mar 10, 2016, 02:41 AM IST